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Jan 6, 2013
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. >> but republicans who agreed to the higher taxes in the fiscal cliff want to tackle spending. they see raising thee
. >> but republicans who agreed to the higher taxes in the fiscal cliff want to tackle spending. they see raising thee
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Dec 20, 2013
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cliff. this time last year that brought him back from hawaii to dc. he doesn't have that hanging over him. he has two big problems with that deal. that is a big problem it has democrats upset. i would suspect he has something to say about that. people that have their unemployment compensation extended. and there are a lot of military families upset that the sacrifice it is a small budget deal, targets in part military pensions and retirement programs and as you know a lot of military families upset about it. >> how does the questions work today? do you know who is going to be asking the fifrst couple of questions? >> i don't know and ei'm not going to tell you my question. you always have a couple of questions. we just got the two minute warning. i should probably wrap it up. out of respect for him i'll sit down. >> let's go back to chris as we wrap up the last two minutes. let me get your take on the delay here. one time when the president was coming out to talk about the fact that he was g
cliff. this time last year that brought him back from hawaii to dc. he doesn't have that hanging over him. he has two big problems with that deal. that is a big problem it has democrats upset. i would suspect he has something to say about that. people that have their unemployment compensation extended. and there are a lot of military families upset that the sacrifice it is a small budget deal, targets in part military pensions and retirement programs and as you know a lot of military families...
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Jan 5, 2013
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get past this fiscal cliff, a lot of money could come into economy. we could see a brighter second half of this year. >> jamie: we're going to hope so great to have you here. >> gregg: one of the most important jobs in the cabinet involving our national security may soon be filled. there may be a big confirmation battle over the next secretary of defense. president obama is expected to nominate this man, former nebraska senator chuck hagel. for and against his nomination straight ahead. look what mommy is having. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. [ slap! ] [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you h heartburn. ♪ tum tum tum tum tums >>. >> gregg: sources telling fox news president obama is expected to nominate chuck hagel for secretary of defense possibly as soon as monday. he would replace the out goi
get past this fiscal cliff, a lot of money could come into economy. we could see a brighter second half of this year. >> jamie: we're going to hope so great to have you here. >> gregg: one of the most important jobs in the cabinet involving our national security may soon be filled. there may be a big confirmation battle over the next secretary of defense. president obama is expected to nominate this man, former nebraska senator chuck hagel. for and against his nomination straight...
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Jan 7, 2013
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cliff fiasco and seems like everything in recent memory. republicans are saying they want spending cuts attached to some deal and democrats say spending cuts should be a different issue. >> if you raise the debt ceiling by a dollar, cut spending by a dollar. that is the way to go forward and we need a budget. our democratic friends haven't passed a budget in three years. >> the debt ceiling is about spending that has already occurred. you are going to say i'm not going to pay my bills unless you stop being stuff? well, then stop buying stuff so you don't have future bills but right now we have to pay the bills that have been incurred. >> shepard: the president said on saturday that he will not compromise over raising the debt ceiling. won't even put that on the table. shannon bream with the news live in washington this afternoon. how you is this strategy work out for republicans, shannon? >> shannon: the president says if they refuse everyone from business owners to average americans will suffer but republicans are calling his bluff saying
cliff fiasco and seems like everything in recent memory. republicans are saying they want spending cuts attached to some deal and democrats say spending cuts should be a different issue. >> if you raise the debt ceiling by a dollar, cut spending by a dollar. that is the way to go forward and we need a budget. our democratic friends haven't passed a budget in three years. >> the debt ceiling is about spending that has already occurred. you are going to say i'm not going to pay my...
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Jan 2, 2013
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. >> economists had warned falling off the fiscal cliff could drive the u.s. into another recession. they add that even if a limited deal is reached that might still put a dent in our economy. let's turn to fox news senior capitol hill producer chad pergram. good to see you. happy new year. house speaker john boehner has been trying to figure out where everybody stands. how does that work? >> we are in the middle of what's called a whip operation right now. this is where they are counting the votes. john boehner just had a conference a few minutes ago with his members. he said i'm willing to try two things. if you don't like this bill, let's try to amend it it let's put some spending cuts in it and send it back to the senate. if we can't get a majority. if we can't get 218 votes here, we're going to have to take the senate bill as they send it to us. we have to pass that bill because obviously we can't not do anything at this stage of the game. they just had a series of votes on the house floor unrelated to the fiscal cliff. this is sort of a bed check vote wh
. >> economists had warned falling off the fiscal cliff could drive the u.s. into another recession. they add that even if a limited deal is reached that might still put a dent in our economy. let's turn to fox news senior capitol hill producer chad pergram. good to see you. happy new year. house speaker john boehner has been trying to figure out where everybody stands. how does that work? >> we are in the middle of what's called a whip operation right now. this is where they are...
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Jan 1, 2013
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back to the fiscal cliff and what it means for the economy. speaking of the other shoe dropping. early this morning the senate passing a bill. what is in it and what happens when it hits the house later today? joining us stephen moore, senior writer for "wall street journal" happy new year. good to see you. >> you too, rick. rick: what do you think?. >> you ask a question what is in the bill. a lot of members don't know. rick: they're probably reing it right now. >> i was up to the wee hours of the morning trying to read the 150 page bill. amazing little items. tax give aways for nascar, for the wind industry, for biodiesel, for movie producers. those are small items. but the big items are the taxes that will affect 100 million americans. and you know, there were a lot of rate changes everything from the capital gains rate to the estate tax, to the dividend tax and of course personal income, tax rates. rick: was there, anything, steve, that jumped out at you specifically when you were reading it this morning you thought, gee, i can't believe the be republicans went for that, or i
back to the fiscal cliff and what it means for the economy. speaking of the other shoe dropping. early this morning the senate passing a bill. what is in it and what happens when it hits the house later today? joining us stephen moore, senior writer for "wall street journal" happy new year. good to see you. >> you too, rick. rick: what do you think?. >> you ask a question what is in the bill. a lot of members don't know. rick: they're probably reing it right now. >>...
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Jan 5, 2013
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. >> this week on the journal editorial report, washington avoids the fiscal cliff with a tax and spend blowout. we'll tell you what it means for the u.s. economy and your wallet in 2013. plus, from hollywood film makers to nascar track owners a look at the real winners in this so-called tax cut for the middle class and this second term as house speaker secured, does john boehner has a strategy for dealing with president obama and can he survive the coming battle over the debt. welcome to the journal editorial report, i'm paul gigot. well, with no time to spare, congress passed and president obama signed into law this week a bill to avoid the so-called fiscal cliff. the new years day deal represents the biggest tax increase the country has seen in 20 years, all in return for billions of dollars in new spending and spun of course, as a tax cut for the middle class. here with a look at what it it means for your pocket book, and the u.s. economy in 2013, wall street journal columnist and deputy editor dan henninger, mary o'grady and steve moore. let's go to you first, steve. based on our c
. >> this week on the journal editorial report, washington avoids the fiscal cliff with a tax and spend blowout. we'll tell you what it means for the u.s. economy and your wallet in 2013. plus, from hollywood film makers to nascar track owners a look at the real winners in this so-called tax cut for the middle class and this second term as house speaker secured, does john boehner has a strategy for dealing with president obama and can he survive the coming battle over the debt. welcome to...
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that fiscal cliff situation. why does there need to be more tax hikes now especially today when there was a jobs report that suggested the economy still needs some goosing, jon. >> jon: ed henry at the white house. thanks, ed. >> thank you. >> jon: analysts say the president wants to put the budget battles behind him so he can focus on other issues like immigration. the house and senate are, woulding on separate reform bills. lawmakers say we could get a look at the plans as soon as next week. aides tell us both bills will demand an increase in border security before any immigrants get a so-called path to citizenship. mike emanuel live in our d.c. newsroom now. mike, some republicans say they want to know more about what is in the senate bill. right? >> well, jon, that is right. there are some concern they won't find out what is in the bill until after it is passed. senate judiciary committee republicans chuck grassley, jeff sessions, mike lee and ted cruise wrote to the four republicans involved with this gang o
that fiscal cliff situation. why does there need to be more tax hikes now especially today when there was a jobs report that suggested the economy still needs some goosing, jon. >> jon: ed henry at the white house. thanks, ed. >> thank you. >> jon: analysts say the president wants to put the budget battles behind him so he can focus on other issues like immigration. the house and senate are, woulding on separate reform bills. lawmakers say we could get a look at the plans as...
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Mar 18, 2013
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cliff tax increase. the point i was going to make to melissa is she's the business expert here. the economy is pick up, no questions about it. as that happens, bill, the tax revenues are going to increase a little bit so we maybe bailed out a little bit here, right, melissa by an improving economy. >> it's true if we don't do something to thwart it and knock it off the rails as it's trying to get better. if we don't ruin our own future. bill: it's much more morey more resilient. martha: pope francis break w-g tradition after celebrating mass. look at him om was out there shaking hands and touching people and getting out there, lots of face time and everybody was so excited because tears were streaming down their faces. he's expected to celebrate his inaugural mass in front of tense of house of worshippers in st. peters square tonight. we have not seen anything like this since pope john paul ii. no doubt it's giving his security folks many part attacks as he thrusts into the crowd there. they are also goi
cliff tax increase. the point i was going to make to melissa is she's the business expert here. the economy is pick up, no questions about it. as that happens, bill, the tax revenues are going to increase a little bit so we maybe bailed out a little bit here, right, melissa by an improving economy. >> it's true if we don't do something to thwart it and knock it off the rails as it's trying to get better. if we don't ruin our own future. bill: it's much more morey more resilient. martha:...
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Feb 3, 2013
02/13
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what he is doing is saying, the problems in the economy, which are still clear, we're not out of the woods, are the responsibility of someone other than him, but bottom line, he didn't resolve the issues with the fiscal cliff with sequestration and we have not heard from the management -- president about that. >> the first thing this interview has done, but on wednesday when the numbers came out the white house speak said house republicans caused this. they love blaming others. he is the personification of the u.s. government, why, for the last year and a half has he not been able to take his own budget deal, the simpson-bowles commission, and sell it to the american people. >> i want to jump in. jimmy carter had on his desk the sign that harry truman had, "the buck stops here." this is the antibuck stops here. it stops everywhere else. we went from g.d.p. at 2.1 percent to a negative and say it is because of one month of defense spending cuts. he has been the person advocating the defense cuts. i am saying it is not only total nonsense but ludicrous. bull crap. by the way he gets aw
what he is doing is saying, the problems in the economy, which are still clear, we're not out of the woods, are the responsibility of someone other than him, but bottom line, he didn't resolve the issues with the fiscal cliff with sequestration and we have not heard from the management -- president about that. >> the first thing this interview has done, but on wednesday when the numbers came out the white house speak said house republicans caused this. they love blaming others. he is the...
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Jan 2, 2013
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jenna: there are serious new concerns about the impact of the fiscal cliff deal on the nation's economy and our own everyday lives. not only does it add $4 trillion to the nation's deficit according to the cbo but nearly every worker in america will pay more federal taxes this year because the bill allow as payroll tax cut you've been enjoying for two years to expire. here is example what that means. median income in the united states for households is just above $50,000. so according to the tax policy center, those households will take home about $820 less because of the tax increase. steve moore, senior economics writer for "the wall street journal" is joining us now. steve, that is one household. $800 less per year. what does that mean for the economy? what does that mean for that household? >> great question, jenna. by the way i don't think you're one of those millionaires and billionaires president obama talked about and i know i'm not. so --. jenna: you should be my agent, steve. you should be negotiating for more. >> i think we're all going to be paying higher taxes if we have wa
jenna: there are serious new concerns about the impact of the fiscal cliff deal on the nation's economy and our own everyday lives. not only does it add $4 trillion to the nation's deficit according to the cbo but nearly every worker in america will pay more federal taxes this year because the bill allow as payroll tax cut you've been enjoying for two years to expire. here is example what that means. median income in the united states for households is just above $50,000. so according to the...
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representative duncan, you voted against the fiscal cliff deal. tell us why? >> absolutely. we are not in this situation in america with our economy and our government because we have under-taxed americans. we are here because we spend too much money. this plan had over $40 of tax revenue increases for every dollar that was cult. it should be $44 for cuts fur every dollar increased. >> you voted for the deal, wiam sure, reservations, as many have excess expressed? >> you either accept the deal or go over the fiscal cliff. and going over the fiscal cliff is not something this country needs. the repercussions would have been horr endous and the stock market would be plummeted. we were caught between a scprok a hard place. so i voted for t. now we have two more months until we get to the same type of fiscal cliff again. the grand plan so we wouldn't have the two-month intervals and we could have a couple of years where the country knows where it's going and we rye try to put together fiscal responsibility. by the way, the only way we are going to dig out of it is by spending le
representative duncan, you voted against the fiscal cliff deal. tell us why? >> absolutely. we are not in this situation in america with our economy and our government because we have under-taxed americans. we are here because we spend too much money. this plan had over $40 of tax revenue increases for every dollar that was cult. it should be $44 for cuts fur every dollar increased. >> you voted for the deal, wiam sure, reservations, as many have excess expressed? >> you...
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Jan 30, 2013
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there was the fiscal cliff coming right at us. consumer sentiment was in a tailspin. and weak holiday sales. add it all up, and you have got a contraction of the economy at the end of last year. okay? you've got a contraction. right now, just a few short weeks later, what you've got is a near-record high for the stock market. the dow is closing in on an all-time high. that is because the housing market is recovering. that is still true, despite the slippage in the economy. housing is recovering. most important, ben bernanke, martha, is printing up a storm of money and a lot of it is going right into the stock market. therefore, the market rallies, even though the economy contracts. martha: that would be an argument for sort of a false fluffy high in the stock market, i would imagine, right? >> i will not predict the stock market now, tomorrow or into the future but i will tell you that the market despite that terrible economic news will open only maybe 15 points lower for the dow industrials this morning. martha: you think back, we were talking about the fact that gdp
there was the fiscal cliff coming right at us. consumer sentiment was in a tailspin. and weak holiday sales. add it all up, and you have got a contraction of the economy at the end of last year. okay? you've got a contraction. right now, just a few short weeks later, what you've got is a near-record high for the stock market. the dow is closing in on an all-time high. that is because the housing market is recovering. that is still true, despite the slippage in the economy. housing is...
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Apr 10, 2013
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the fiscal cliff deal will raise $41 billion next year. raising people's taxes will harm economic growth and likely result in less revenue than we can get through growing our economy. gregg: what if you're only taxing high income wage earners for example? for example the president wants to make those earning more than a million dollars pay at least 30% of their income in taxes and 28% on cap on deductions for high earners. what about that? what is wrong with that? you're only hitting that one small sector? >> but that one small sector is comprised of small to medium-sized businesses that report their business income through the individual tax return. those are the innovators. those are the job creators. those are the people that we really are relying on to grow our economy. so you harm economic growth and, i hope i proved that economic growth is going to be far more effective at really increasing revenue and reducing deficits than punishing success. unfortunately this president doesn't understand that. listen, i'm glad he is trying to take
the fiscal cliff deal will raise $41 billion next year. raising people's taxes will harm economic growth and likely result in less revenue than we can get through growing our economy. gregg: what if you're only taxing high income wage earners for example? for example the president wants to make those earning more than a million dollars pay at least 30% of their income in taxes and 28% on cap on deductions for high earners. what about that? what is wrong with that? you're only hitting that one...
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Jan 1, 2013
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fiscal cliff deal is on the table. but the hours vote on it. how could this proposal affect the economy? what happens if the house injects it? >> steve: talk to that guy now, "fox business" network's charles payne. charles, it is past the senate. chances are it's probably going to pass the house. what's it mean for everybody watching? >> i got to tell you, i guess we always kind of knew there would be some sort of ultimate compromise, at least everyone sort of felt that way. it's not good news for the economy. it's certainly not good news for small businesses who still are being really going to be hammered. you have been talking about obamacare taxes, they'll be hammered by that. they'll be hammered by this dramatically. let's just say, for instance, you're a chiropractor and off gross margin of 15%. all of a sudden your taxes go up, your business taxes go up. are you going to cut your salary or hesitate on hiring someone? i mean, this is where all the -- a lot of jobs have been created by small businesses. you'd be shocked how many businesses
fiscal cliff deal is on the table. but the hours vote on it. how could this proposal affect the economy? what happens if the house injects it? >> steve: talk to that guy now, "fox business" network's charles payne. charles, it is past the senate. chances are it's probably going to pass the house. what's it mean for everybody watching? >> i got to tell you, i guess we always kind of knew there would be some sort of ultimate compromise, at least everyone sort of felt that...